Atomi Financial Group Inc. Purchases 444 Shares of Kellanova (NYSE:K)

Atomi Financial Group Inc. lifted its stake in Kellanova (NYSE:K) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,631 shares of the company’s stock after purchasing an additional 444 shares during the quarter. Atomi Financial Group Inc.’s holdings in Kellanova were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of K. J2 Capital Management Inc bought a new position in shares of Kellanova during the fourth quarter valued at $574,000. Aaron Wealth Advisors LLC grew its stake in shares of Kellanova by 2.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 7,413 shares of the company’s stock valued at $600,000 after purchasing an additional 194 shares during the period. HB Wealth Management LLC increased its position in shares of Kellanova by 13.1% during the 4th quarter. HB Wealth Management LLC now owns 6,743 shares of the company’s stock valued at $546,000 after purchasing an additional 782 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Kellanova by 26.6% during the 4th quarter. Brooklyn Investment Group now owns 1,677 shares of the company’s stock worth $136,000 after acquiring an additional 352 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in Kellanova by 29.8% during the fourth quarter. Merit Financial Group LLC now owns 4,952 shares of the company’s stock valued at $401,000 after purchasing an additional 1,138 shares during the period. 83.87% of the stock is owned by hedge funds and other institutional investors.

Kellanova Stock Performance

Shares of Kellanova stock opened at $81.87 on Monday. The company has a 50-day simple moving average of $81.03 and a two-hundred day simple moving average of $77.43. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. Kellanova has a one year low of $52.46 and a one year high of $81.91. The company has a market capitalization of $28.22 billion, a PE ratio of 28.13, a P/E/G ratio of 2.50 and a beta of 0.37.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Research analysts expect that Kellanova will post 3.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on K shares. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. Argus lowered Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com began coverage on Kellanova in a research note on Thursday. They set a “hold” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kellanova has a consensus rating of “Hold” and a consensus target price of $76.35.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $81.69, for a total value of $9,360,285.27. Following the completion of the transaction, the insider now owns 48,420,361 shares of the company’s stock, valued at approximately $3,955,459,290.09. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 916,664 shares of company stock worth $74,339,159 over the last three months. Company insiders own 1.80% of the company’s stock.

Kellanova Profile

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.